In this friendly little tip from the IRS, Uncle Sam discusses a couple of ways to get a W2 if you haven’t gotten one. Then they remind you that you better not file late, and tell you about the substitute W2 form 4852: http://content.govdelivery.com/accounts/USIRS/bulletins/a60fdc?reqfrom=share Okay, they are trying to help you file timely, but they could maybe not be quite so upfront about the fact that if you file late you could be in trouble ( then talk about filing an extension.) Help us with good information, but don’t hit us over the head with it. (That is the job for our bookies and loansharks.) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Download my business app for Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a CPA: What is the Rule of 72?
Well, you have an investment strategy that will earn a certain amount. How long do you have to use this strategy to double your money? You can either use software like TValue or a scientific calculator to come up with the exact amount of years, or you can use ‘The Rule of 72!’ So now you ask, what is ‘The Rule of 72?’ (Glad that you asked.) It is an easy and approximate calculator someone can quickly use to either figure out how long it will take to double your money earning a fixed percentage annually or how much you have to earn to double your money in a certain time (?????) Okay, you have $100,000 that you figure you can get a nine percent return on. Divide 72 by 9 and you get 8. It will take you eight years earning 9% to double your money. It is easy to use because 72 has a lot of whole number divisors (36, 18, 12, 9, 8, 6, 4, 2) so as a quick way to mentally come up with a time frame to double, it works very well. It is not exact (using a scientific calculator or software you would come [...]
Musings of a Burbank CPA: How to tell if your tax preparer has a clue!
Well, the courts have ruled that the IRS doesn’t have the authority (at this time) to regulate tax preparers. This means it is up to you to screen preparers and find one you can count on! See this article in MarketWatch in The Wall Street Journal by Jonnelle Marte to find ways to ensure you don’t get an unqualified preparer: http://www.marketwatch.com/story/can-you-trust-your-tax-preparer-2014-02-14 So now you have all the tools to find yourself a great preparer, especially if you read my blogs! (hahaha.) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Download my business app Available for IPhone and IPad: https://itunes.apple.com/us/app/briantstoner/id810483959?ls=1&mt=8 Available for Android: https://play.google.com/store/apps/details?id=com.app_briantstoner.layout&hl=en Has been Featured On https://twitter.com/bstonercpa